St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-01-08
F1NAN CG I'll.
MRW York.

NEW YORK, Jan. money on call easy at
4@6 per cent, closing at 405 Prime mer-
camille paper Cor. Sterling exchange $4,000
4.S094 for sixty days and S4.S4@ for demand.
Government bonds were dull and heavy.
State bonds were quiet and steady. The stock
market was more active, but feverish and ir
regular, subject to sudden and spasmodic
movements in prices. There was no news of
character to seriously affect values, but
London and Il noted bear operator here are
credited with being sellers of stocks through
out the day. The morning hours were marked
by moderate advance over the entire list,
but the pressure TO sell in the afternoon
caused slow but material decline which
lasted until the close. The great feature of
the dealings was Jersey Central, when fluctu-
ated widely and rapidly. being at one time
nearly per cent. above last evenings final
price. Part of the advantage was
afterwards lost, but it is alone
among the active stocks in showing a material
advance this evening. The stock has been
bought steadily Of late on every decline and
much of 1t removed from the street leaving
the floating supply very small, which renders
its manipulation an easy matter. The street
believes, however, that the purchases mean
railroad deal of some Importance and explain
atory rumOrS were numerous to-day, the
favorite one being that the Baltimore Ohio
would secure control Of the road in consdera-
ern Union. The latter stock also showed re-
markabe firInness late in the day. The other
coal stocks were strong in the morning upon
the reported advance in the price of coal.
The Changers and Yanderbilts were quiet
with the single exception of st. Paul and they
followed the general market. The opening
was somewhat Irregular, but majority of
stocks were lower, declines from last even
ing's prices ranging from 4 to q. Further
slight losses were established in the early deal
ings, Pacific Mail losing per cent. Prices soon
rallied and under the lead of Jersey Central
showed advances throu ghOut the list before
the end of the first hour. Later the entire
market yielded and became quiet, Jersey
Central being a notable exception. There
was fractional rally in afternoon, but in the
last hour the declined gathered force and the
close was weak at the lowest prices reached.
Sales were 81, sos shares; Reading furnished
1904, West Point 37.2f5 Jersey Central
81, 70, Lackawanna 81, 524, ST.. Paul 31,l80.
Everything except Jersey Central and Ten
neSsee Coal, each of which gained l ., shows
a decline this evening. Railroad bonds were
more active. Denver 6 Rio Grande As fur
nished S30S, 000 Nickel Plate trust receipts
S14S, 600 and East Tennessee IS $4,000 out
of a total days business of 81. 92S, 600. Prices
were irregular and final changes are about
equally divided between gains and losses.
The strength OF the Jersey Central issues was
a feature of the trading, and consols are up
IL at ITO, the convcrtibleS . at 1l9, the
debent Tres 254 at S615. The total sales of
stocks to-day were 372,50 shares, including:
Del. Lack. 6 W. 81 500 Reading. ........ n, COS
Erie. s, 200 st. Paul. $50
Lake Shore. .... $500 st. Paul & o.. ,0SS
Louis. & Nash. 6.25Oi*Tex & Pacific. 1900
NV Jersey Cen'l37, O70 Union Pacific. .27, $50
Pacific Mail 800. 4.150 Western Union. .26, 400
Assessment maid.